618 E Waverly St

Multi-Family for Sale
Catylist Listing ID: 30586215
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 30 Units
Building Size (RSF): 23,040 SF
Gross Building Area: See Agent
Gross Land Area: 2.95 Acres
Sale Price: $775,000
Unit Price: $25,833.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Morganfield Townhouse Apartments
Sale Terms: Cash to Seller
Cap Rate: 12.8%
Last Updated: 5/13/2021

Overview / Comments

Recently remodeled 30 unit apartment complex located 20 minutes south of Henderson in the county seat of Union County, Kentucky. Each townhouse style unit has the same layout featuring 2 bedrooms and 1 bath on the second floor
with kitchen and living room on the first floor. All units have washer / dryer connections. Large lot with room for an additional building. Refrigerators and stoves in good condition and owned by landlord. Tenants pay their own gas and
electric. Landlord pays water, sewer, and trash. Pet free. Smoke free. Rent roll available upon request. Seller is a licensed real estate agent.

See data sheet for financials.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,598 (Annual)
Gross Operating Income $126,480 (Annual)
Net Operating Income $98,858 (Annual)

Additional Details

Nearest MSA: Evansville
County: Union
Tax ID/APN: M3-33-10
Percent Occupied: 94%
Total Number of Buildings: 4
Number of Stories: 2
Year Built: 1974
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,690 6,195 6,195
Median Age: 38.81 34.03 34.03
Households: 677 1,989 1,989

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